Why Can’t Bitcoin Break $64.5K? 🤔

After surging to $64,816, Bitcoin hit a wall at $64.5K, a level tested back in August. So, what’s holding it back? Here’s a quick breakdown:

1️⃣ Weak Macroeconomic Data: U.S. housing market struggles, with new home sales dipping for 7 months straight. Investors fear a looming economic slowdown. 🏠📉

2️⃣ China’s Economic Woes: Despite stimulus efforts, China’s central bank hasn’t eased fears of a bigger downturn. 📉💸

3️⃣ Stock Market Correction Fears: A new S&P 500 high has investors on edge—what happens if the stock market corrects? 📊😬

4️⃣ US Election Uncertainty: November's election could shake up crypto policy—big changes on the horizon! 🇺🇸🤯

Even Bitcoin’s futures premium is signaling hesitation. Are traders losing steam? ⏳

The long-term game is still strong, but the short-term hurdles are real. What's your next move? 🤔🚀 #Bitcoin #CryptoNews #Binance